After Market: Maruti picks up speed, VA Tech Wabag gets booster, realty stocks has reality check
As many as 54 stocks flashed ‘sell’ signals as their prices fell below respective MACD signal lines.
Emkay Global maintains buy on Reliance Industries, target price Rs 1,740
The brokerage said tariff hike would upgrade the Jio earnings.
Financing arrangement likely by month-end: RIL in talks for Rs 5,000-crore loan to take over Alok Industries
RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and Bankruptcy Code process in March this year. The Ahmedabad bench of the NCLT had approved the sole RIL bid, made together with JM Financial Asset Reconstruction Co, which had promised to pay Rs 5,050 crore to take over Alok.
Yogesh Mehta on what to do with Reliance, SBI and ICICI Bank
Small finance banks can be a good performers from here on, but avoid NBFCS, says Mehta.
After Market: Voda Idea, PSU banks bleed; 23 stocks cross 50-EMAs
YES Bank was the most active stock on NSE in terms of turnover.
Stocks in the news: YES Bank, Reliance Ind, Bharti Airtel, Gati, M&M and Allcargo Logistics
Antique Stock Broking has maintained buy rating on ICICI Bank with a target price of Rs 575.
RIL gains as CLSA ups target price on Jio booster
Reliance Jio Infocomm raised its tariffs by nearly 40 per cent, but some of its plans are almost 25 per cent cheaper than those of rivals Bharti Airtel and Vodafone Idea.
Reliance Jio says its rates still cheapest despite Airtel, Vodafone Idea move to remove offnet call limits
While Airtel and VIL raised their prices by 40%, Jio came out with a revised plan few days later but up to 25% lesser.
After Market: Airtel slides, HDFC AMC continues decline; 41 stocks flash ‘sell’ signals
Media stocks were buoyant, helping Nifty Media index to close nearly 3 per cent higher.
Reliance stock could double over the next four years: Chakri Lokapriya
CSB Bank valuation can sustain at 2.6-2.7 times; Ujjivan to jump on listing day
Why this fund manager is betting against consumption
We are cautious on the consumer space, where we think valuations are stretched specifically with the consumer staples pack. Between the consumer staples and consumer discretionary pack, there is still some upside left on the consumer discretionary side. But we are fairly cautious on the staples pack. On the consumption basket, we continue to be cautious on the auto sector.
India’s economy is sputtering. But its stock market powers ahead
Economic growth is at the lowest since before Prime Minister Modi came to power in 2014.
Stocks in the news: TCS, Bharti Airtel, SBI, Gayatri Projects, Ashok Leyland
Here are a few stocks which may buzz the most in today's trade.
CLSA increases RIL share price target to Rs 2,010
CLSA’s target price on the stock is the highest among 37 brokerages tracking the stock.
Sensex up 100 points, Nifty tops 12,050 ahead of RBI money policy outcome
There is expectation of a 25 bps rate cut by the central bank to support growth.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service